House Bill No. by Representative Egan amends several provisions of the Louisiana State Employees' Retirement System (LASERS) to enhance the administration and clarity of the retirement system. Key changes include the removal of the specific age limit of 60 for disability retirees seeking restoration to active service, replacing it with the regular retirement age as defined in existing law. The definition of "job appointment" is also updated to reflect a more flexible temporary appointment structure as determined by the State Civil Service Commission. Additionally, the bill expands the exemptions from execution for retirement benefits to include forfeiture of benefits due to public corruption crimes.

Other amendments focus on the correction of administrative errors, allowing for adjustments without the requirement to present documentation at the next board meeting. The calculation of retirement benefits is refined to reference the appropriate statute, and the maximum retirement benefit for non-qualified participants is clarified to be based on the highest three or five years of average compensation. The bill stipulates that any costs incurred from these changes will be funded through additional employer contributions, with an effective date set for July 1, 2026.

Statutes affected:
HB32 Original: 11:403(15), 11:444(A)(1), 11:446(F)